Greencoat UK Wind raises £260m in IPO - far higher than £205m originally targeted— Cathy Adams (@Cathman) March 22, 2013
Commenting on the announcement, Tim Ingram, non-executive Chairman of Greencoat UK Wind, said:
We are delighted at the response to our offer from private and institutional investors. The strong demand highlights the attractiveness of Greencoat UK Wind's target 6% dividend yield emanating from expected long-term, predictable returns. The listing provides us with the platform to build upon the initial portfolio of operational wind farms, taking advantage of the underlying growth we expect in the wind farm market to deliver investors a sustainable and growing return on their investment.